VendorInsight Review - why 4.5 stars?

VendorInsight Review
ITQlick Score: 73/100
ITQlick Rating:
Pricing: 6/10 - average cost
Category: Vendor Management -> VendorInsight review
Ranking:Ranked 4 out of 12 Vendor Management systems
Company: Cost Management Performance Group
Typical customers: Small, medium and large size businesses
Platforms: Cloud
Links: VendorInsight pricing, VendorInsight alternatives
Shlomi LaviShlomi Lavi / updated: Apr 06, 2022

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What is VendorInsight?

VendorInsight is a supply chain management software designed in a web-based format primarily to assist banks, financial firms, and credit unions with risk assessment as well as contract management. The main features of this tool are service level contract tracking, document library, social media management, and alerts.

It has a profiler feature that enables the administrators to classify vendors, design relationship template, and assign profiles. The software assists its users to manage and archive numerous vendor records plus automation of performance reviews based on news, market, and regulatory data.

It also has a market watch feature that enables team members to assess vendors and manage threat for clients. The company headquarter is located in Blue Ash, OH 45242, United States of America, and has a staff capacity of 11 to 50 employees.

Who is it best for?

The typical customers include the following business size: Small, medium and large size businesses.

What is the actual cost?

ITQlick pricing score is 6 out of 10 (10 is most expensive). Access ITQlick pricing guide for VendorInsight. You can also find here pricing information from VendorInsight's website.

Pros

  • The software makes clear the procedures for the risk-taking vendors
  • VendorInsight is straightforward to use with all the information at fingertips
  • This software enables the most competent vendor to be identified

Cons

  • The software needs an expansion in its report capability
  • Challenges associated with vendors uploading their document using this tool

How it stacks up?

Access a head to head analysis of VendorInsight vs alternative software solutions.
ITQlick rating
Score
Pricing
License pricing
Functionality
Review
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VendorInsight
ITQlick rating
4.5/5
Score
73/100
Pricing
6/10
License pricing
Pricing not available
Functionality
5
Review
VendorInsight review
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SimpleVMS
ITQlick rating
4.9/5
Score
82/100
Pricing
4/10
License pricing
Pricing not available
Functionality
15
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SimpleVMS Vs VendorInsight
RiskRate
ITQlick rating
2.8/5
Score
77/100
Pricing
2/10
License pricing
$5,000 per year
Functionality
9
Review
RiskRate review
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RiskRate Vs VendorInsight
Latitude...
ITQlick rating
4.8/5
Score
75/100
Pricing
6/10
License pricing
Pricing not available
Functionality
19
Review
Latitude... review
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Latitude Vs VendorInsight
PostRFP
ITQlick rating
4.3/5
Score
70/100
Pricing
3.8/10
License pricing
$500 per license
Functionality
3
Review
PostRFP review
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SupplierSelect Vs VendorInsight

Frequently Asked Questions (FAQs)

Is it the best Vendor Management system?

VendorInsight is ranked 4 out of 12 software in their category (Vendor Management systems).

How they are rated on ITQlick?

The rating of VendorInsight is 4.5 stars out of 5 and the total score is 73 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Is it an easy to use Software?

Yes, VendorInsight makes it fairly easy to use. This product is user friendly and intuitive.

Is it cloud-based?

Yes, they offer cloud based hosting, which means IT resources are retrieved through web-based tools and applications and you don't need to buy servers and additional hardware equipment.

Can it be used on mobile?

No, currently VendorInsight can't be accessed on mobile, you would need to access it from your computer.

What should we ask during a demo session?

Differences between VendorInsight and alternatives?

The most popular alternatives to VendorInsight in 2024: SimpleVMS, RiskRate, Latitude WMS, PostRFP, VectorVMS. Access the complete competitors analysis here - VendorInsight VS Vendor Management Software alternatives.

Is VendorInsight right for you or your business?

This software functions for businesses from small, medium to large companies. VendorInsight is designed with all the necessary features to streamline the activities of the business categories. It is widely used in financial, healthcare, and manufacturing companies.

List of categories

Audit Management
Business performance management
Self-Service Portal
Vendor Managed Inventory
Strategic Sourcing

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.